SunSirs: Quotation of Zinc Ingots in Shanghai Futures Market on August 16th
August 17 2023 14:01:48 SunSirs (John)
Price trend
On August 16th, the price of zinc ingots in the Shanghai futures market fell. On August 16th, the opening price of zinc ingots was 20,220 RMB/ton, and the closing price was 19,880 RMB/ton. The settlement price was 20,100 RMB/ton, and the settlement price on the previous trading day was 20,340 RMB/ton. The price of zinc ingots in the Shanghai futures market fell by 460 RMB/ton.
Market outlook
The zinc price in the Shanghai market had declined, and the trading enthusiasm in the spot zinc market was average. The upward momentum of spot zinc prices has weakened, and the downward pressure has increased. In the future, zinc prices will fluctuate and consolidate.
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